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Iron Mountain Inn 2702 N Stephenson Ave 71 Room Hotel Iron Mountain, MI 49801 $1,500,000 ($21,127/Room)

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INVESTMENT HIGHLIGHTS

  • Comfortable hotel with free Internet, complimentary breakfast, and cable TV. Conveniently located near local attractions.
  • 71-room hotel with fitness center, breakfast room, laundry facilities, and conference room. Zoned B-2 for flexible business opportunities.

EXECUTIVE SUMMARY

This exceptional property boasts 71 meticulously designed guest rooms, each offering comfort and style, along with a wide array of luxurious amenities. Guests can enjoy a fully-equipped fitness center, a dedicated breakfast room, convenient laundry facilities, a spacious conference room for business meetings, and a soothing sauna for ultimate relaxation.
Situated within a B-2 zoning district, the property benefits from being in a Community Business District, allowing for a diverse range of businesses and entertainment activities. B-2 zones are strategically designed to cater to the needs of local residents as well as the traveling public, offering great flexibility for future development.
Offered at an attractive price of $1,700,000, this is a prime investment opportunity with substantial potential. For more information or to arrange a viewing, please contact me directly at (562) 688 - 0739.

ATTACHMENTS

attachment (32)

PROPERTY FACTS

Price $1,500,000
Price Per Room $21,127
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.50 AC
Building Size 24,852 SF
No. Rooms 71
No. Stories 2
Year Built/Renovated 1987/2005
Parking Ratio 3.06/1,000 SF
Corridor Interior
Zoning B-2 - Commercial Zoned District

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 4 $81.00 -
Guest Room 67 $72.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
051-700-190-01
Land Assessment
$553,200
Improvements Assessment
$0
Total Assessment
$553,200
  • Listing ID: 34212749

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 2702 N Stephenson Ave, Iron Mountain, MI 49801

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